So this is obviously not a word for word transcript- I’ve omitted some utterances that occurred during the call, and self-corrections made by Corey- Anyone is welcome to use this as a reference, however if you want word for word- you must listen to the call. I think you will find that if you were to listen to the call, and read along in my document, you’d find 99.9% accuracy. Enjoy.

KP

Welcome everybody to our Affinity Gold Corp. monthly shareholder call, my name is Matthew Winn and I am your moderator today. First of all I'd like to say welcome and thank everyone for joining us on the call today, I'm really excited about our call and I know we have a lot of great information to share with you. But before we get started I just have a couple of administrative items I need to cover, the structure of our call today will last about 20 minutes, and our goal is to update you on the status of our projects, current progress on the 180 day plan that Corey shared with you five months ago, as well as answer some questions that have been submitted prior to today's call from our shareholders. And one last note to cover, due to technical difficulty with our conferencing software we are recording our shareholder call, so this is not the live call, this is a pre-recorded call, but we are covering the exact same items. So with that said, I'd like to welcome our President/CEO of Affinity Gold Corp. Corey, Corey how are you doing today?

I'm doing well Matthew thank you very much, so what I wanted to just go through is to give an update, exactly what Matthew listed there. So we'll start with some of the accomplishments of the last month. As you all know, we closed on the Cambalache project, which is the currently producing project, since then we've been working that diligently. David Heyl has been up there addressing the operational inefficiencies there, and we'll get into that a little bit more later on, but that is going well, we are producing today and we have ore being shipped and processed. So that is great, we've also started our... Last month in February, sorry this month in February, we began a soft launch of our social media marketing plan, to increase awareness and begin sharing the story of Affinity, as far as where we came from, what we're doing today, and where we're going. So as you will probably see we are going to have more activity on Twitter, LinkedIn, Google+, and Facebook, so please when you get an opportunity like us on Facebook, follow us and if you get a chance share it with others. So let's see here, with regards to the 180 day plan we are diligently working against our goals there, with our regulatory filings as you have probably seen from the news released the other day, we've engaged LL Bradford and Company, and we engaged them earlier in the month and we have been working with them since early February, so I am very pleased about that. One thing I want to say is that what's been important to me, from what I have learned in the past is that especially with Affinity, is that it was absolutely critical for us to find the right CPA firm that was PCAOB registered, but also had experience dealing with public companies, that had operations in foreign jurisdictions.

Right now that's something that the SEC is looking at closely, and we needed to make sure that we had a CPA firm that was familiar with auditing of public companies with operations in foreign jurisdictions. The other thing, the other requirement that we had was that they were bilingual. And so LL Bradford, they are Spanish/English speaking and PCAOB registered, and the other nice thing about this that helps Affinity quite a bit is that instead of having two auditing firms, one for the US, and one for Peru. We are now just dealing with one auditing firm. So LL Bradford will be finishing up the US side as well as they will be in Peru shortly conducting the on-site visit and verification of our books and ledgers in Peru. So if you have any questions regarding that please feel free to email me and I will do the best that I can to answer the questions. We have had some unforeseen issues and delays regarding the audits in the recent past, so we've worked through most of those, but right now we are just trying to manage the impact to the timeline so that we can try our best to hit our deadline. There is the possibility that we don't, however I will be keeping our shareholders apprised of any changes in our timelines, but I just want to really emphasize that this is the first and foremost priority of Affinity at this point in time, now that we are currently producing. The next thing is before we can further implement some of our other objectives and plans beyond the 180 day plan, we must be current in our filings, and we have some really exciting things that we are looking to do, and that we have in the works- but they are dependent on us being current. So by all means please understand, please know we will be getting current in our filings, and we are going to do it as quickly as we possibly can.

With regards to the strategic advisory committee, I shared with you previously last month, regarding some of the people that are going to be on that. I just want you to know that there is no delay and no issue in that regard, and I am extremely excited to be able to announce the strategic advisory committee very shortly, and who will be on there and I think that once we announce the members of the strategic advisory committee, that people, our shareholders, and other potential investors will realize that Affinity must have something going in order for the caliber of people on the committee signing up with us, and getting behind this. I'm very excited about that.

With regards to Cambalache and production, when we closed on the Cambalache project the production had dropped below the 12 1/2 to 13 tons per day, which makes sense coming out of the holidays, production dropped quite a bit. When we took over production was around 3 1/2 tons per day, nothing to write home about, but nonetheless it was producing. Now once we got on site, David Heyl was able to begin addressing the operational inefficiencies, begin increasing production, and we immediately increase production to 12 to 13 tons per day, as we begin addressing the operational inefficiencies and getting more supplies and equipment on-site, we were able to reach a high of 37.4 tons per day as of February 11. So currently as of today we have about 310 tons of ore that has been shipped, and is being processed, actually as of now it has been processed. So I am extremely excited to be able to announce shortly the results of that, I can't really go into anymore detail other than that's what's been shipped. That's extremely exciting. The sale of the concentrate from the ore, that should occur very soon, and we will be announcing the results of that, along with the grades and we will make sure that we provide the necessary documentation in our news release or on our website to show that is real. We will also be filing the 8K along with that information shortly after the news release.

The other thing I wanted to mention with regards to Cambalache is, like I said David Heyl is doing a phenomenal job, Corizona is doing a great job, addressing the operational items up in Cambalache to increase production, improve efficiencies, and increase recovery rates, and begin to lay out the plan for growing the operations beyond what our production rate is today. We currently have two geologists on-site helping David, we also have six security personnel alternating shifts, security are on-site at all times, 24/7 days a week, current production is running two shifts per day one dayshift and one night shift. Things are going extremely well we are very very pleased. We think that production is only going to increase from here on out. So our goal is still to reach the 100 tons per day, as soon as possible but within reason. We feel very comfortable in being able to hit the goal within the first 6 to 9 months.

A couple of other things I also wanted to mention, actually the last thing from the prior call I touched on the share structure, I wanted to reiterate there's been no changes to the share structure. Currently still have 250 million authorized, 137 million issued and out, the restricted is about 100.3 million, and the free trading is about 37 million, the float is just under 26.5 million shares, and has been no change.

Okay great, good information and we're really excited about the things that are developing there. The next section of our call we are going to field a couple of the questions that were sent in from our shareholders, and so will get started on those that here:

Question-Re: Cambalache can you tell us what the daily production numbers are currently? And how do they compare in relation to where they were a month ago?

Answer- okay so like I was saying, with Cambalache that January time frame, production had dropped to about 3 1/2 tons per day, however once we got on site we closed the deal with the Allago partners, we were able to get on site, we were able to, David and his team was able to get the production to 12 to 13 tons per day, and then addressing the operational inefficiencies, and increasing and having access to more supplies, and working with the related vendors that are there who we have relationships with on the project, we were able to reach a high of 37.4 tons per day so far and that was as of February 11. So we are doing very well, we are very much on track and I think that our shareholders are going to be very pleased. But the most important thing I want to say about this, the most important thing about this is we have reached a point where when we announce the production results, it will be proof that the model works, we are doing the right thing, and we are currently producing, and generating income and hitting the bottom line with that income. It's fantastic.

Question-If there was one thing that stood out to you and your strategic partners as being the hump you need to get over right now at Cambalache what would it be? Factors such as labor, equipment, or production process is there a key change that you can think of that is being worked on currently?

Answer-That's a great question, I can't think of any one particular thing that we are working on that would make all the difference. There's a whole variety of things that are being managed and addressed in order to improve recovery rates and increase production, and Corizona is doing a phenomenal job at doing that, David Heyl has been on-site around-the-clock working with the previous, existing employees up there, and and working with the vendors and suppliers, really there's a lot of relationship management taking place there in transitioning, and so if I were to say if there was any one thing, it might be capital but the reality is you can't throw too much capital at something too soon because we don't want to get ahead of ourselves, the key right now is really to take what we have there, address the operational inefficiencies, get it fine-tuned to where it needs to be, and begin increasing production-but do our best to not get ahead of ourselves so we don't get trouble there. But there really isn't one thing in particular, just kind of a bunch of different factors they are in play that are being managed. So hopefully that helps address that question

Question-focusing more on Affinity and their focus, is Affinity currently doing anything to diversify its risk and increase its long-term potential by looking at other jurisdictions besides Peru or other projects besides gold and silver?

Answer-that's another great question, the simple answer is yes-we have in the past pretty much been solely focused on gold and silver, we still are very much focused on gold and silver, simply because we believe that with the way the market is going that gold and silver will give us the best multiple for our shareholders in the market, however to also mitigate risks with gold and silver as well as just operational risk, what we are doing is we are diversifying a bit, we are looking at other opportunities to diversify both geographically as well as across different minerals. However the business model is not changing, what we don't want to do is veer away from the business model that we know works. And that is sticking to small to medium-size properties that have potential for near-term production or are already in production, that have historical data of production, where we can also go on-site and see visible evidence of production and in order to get into and establish small-scale production and grow the company, the capital requirement has to be less than 2 million. So we are really sticking to that model so anything else we look at, whether it be a copper deal or other type a deal, it has to fit that model. We are also looking at other jurisdictions Columbia in particular, we have worked with Corizona to make a trip to Columbia last year, to kind of get a sense of the opportunity, and begin establishing some key relationships so we feel pretty comfortable with how that's going. I will say that yes absolutely we are looking at ways to, not just diversify our risks or mitigate our risks, but also to increase and maximize the potential for Affinity and longevity for Affinity gold but still focused on production. That's the key, we want to be focused on production. The other requirement that we have other projects that I mentioned before is that these projects also have to have substantial upside in terms of exploration, so all the projects are not just simply small projects, but they might be small in the sense that production in the near term would be relatively small, but the potential to grow production and prove the resource could be quite substantial. So that's what we are doing but we are very very excited about that so we really like Columbia, we really like Peru quite a bit they are both great jurisdictions. Both have tremendous potential, and we think over the last year, year and a half, the relationships that we've been able to establish in other jurisdictions are really going to start materializing, and will begin to be factored into our business going forward.

Well folks as we wrap up our call today, I want to thank you for joining us and special thank you to you Corey for updating our shareholders on current status and operations of Affinity. Folks we hold our Affinity investors calls the last Friday of every month at 2 PM E.S.T., and as always we encourage you to email your shareholder questions to us prior to the call so that we can address them on the next investor call. Again thank you Corey and thank you folks for joining us and have a great day.